Comments on: Bad news in the euro zone: Germany’s economy contractshttp://hotair.com/archives/2013/01/15/bad-news-in-the-euro-zone-germanys-economy-contracts/
The world’s first, full-service conservative Internet broadcast networkTue, 16 Feb 2016 23:43:33 +0000hourly1https://wordpress.org/?v=4.6.1By: Adjoranhttp://hotair.com/archives/2013/01/15/bad-news-in-the-euro-zone-germanys-economy-contracts/comment-page-1/#comment-6643652
Tue, 15 Jan 2013 22:25:05 +0000http://hotair.com/?p=239027#comment-6643652The EU crisis isn’t over. It’s not only not the beginning of the end of the crisis, it isn’t even the end of the beginning yet. All they’ve done is paper over the failures with “restructuring” and assumptions built of thin tissue to withstand the coming hard rain.

We will have our own version exposed as soon as someone notices the nearly $3 trillion of federal debt the FRB has purchased and asks, “With what, exactly, did they buy it?”

Germany’s situation sounds familiar…what other country not in Europe…hmmm…ah well, anyway.

And yet the screeching from the Left for America to “be more like Europe” continues, unabated.

Germany was propped up as the ideal model by the Left for the past 4 years. Now what?

visions on January 15, 2013 at 1:12 PM

Oh, they’ll ignore all this? They’ll make up phoney numbers? Er, they’ll say that we’re different than Germany so it’s apples and oranges?

Anything to avoid admitting they’re wrong and stuff like that.

]]>By: Russ808http://hotair.com/archives/2013/01/15/bad-news-in-the-euro-zone-germanys-economy-contracts/comment-page-1/#comment-6643363
Tue, 15 Jan 2013 20:36:08 +0000http://hotair.com/?p=239027#comment-6643363I guess I am not surprised. Germany is not an island. What happens to their neighbors and trading partners affects them too. But there is only so far they can go if others don’t work to fix what they are doing wrong.
]]>By: MNHawkhttp://hotair.com/archives/2013/01/15/bad-news-in-the-euro-zone-germanys-economy-contracts/comment-page-1/#comment-6643208
Tue, 15 Jan 2013 19:12:49 +0000http://hotair.com/?p=239027#comment-6643208

Germany’s economy contracts

O scheissen…

]]>By: rayrahttp://hotair.com/archives/2013/01/15/bad-news-in-the-euro-zone-germanys-economy-contracts/comment-page-1/#comment-6643185
Tue, 15 Jan 2013 19:01:37 +0000http://hotair.com/?p=239027#comment-6643185It’s far worse than it even looks. The germans are repatriating the gold bullion they have on deposit with our Federal Reserve.

And yet the screeching from the Left for America to “be more like Europe” continues, unabated.

Germany was propped up as the ideal model by the Left for the past 4 years. Now what?

visions on January 15, 2013 at 1:12 PM

Ding! Ding! Ding! The question of the decade.

The American public knows that socialism is no good. Except for Vermont, it weakens whoever advocates it or most programs based on it. They do love their freebies but new programs scare them. So you can’t get it done? Yes?

But the answer is that elections are run only so often and the key is to keep the opposition weaker and charge in with the messy government solutions when things are in a crisis. Of course, part of being weaker is getting your troops in the media to blame the last ruler for everything and demonize the next opponent and any and all threats from the other side. Then there is the famous quote about not wasting a crisis….

]]>By: Mr. Arkadinhttp://hotair.com/archives/2013/01/15/bad-news-in-the-euro-zone-germanys-economy-contracts/comment-page-1/#comment-6643123
Tue, 15 Jan 2013 18:34:10 +0000http://hotair.com/?p=239027#comment-6643123For years, German banks lent billions of Euros to spendthrift, functionally insolvent countries like Greece, Italy, and Spain, in order to finance domestic exports. Their economic growth was as illusory as that of the debtor countries, as that level of borrowing was unsustainable.

Now that the bubble has burst, austerity has been forced on the PIIGS, and there is no one to pick up the export slack, it’s little wonder that Germany’s economy is contracting.

Germany didn’t bail out the PIIGS; it bailed out its own tottering banking sector, which is on the hook for billions recklessly lent to people who never would have been able to pay it back (sound familiar)?

The entire “export led” economic growth model is a house of cards. Not every country can be an exporter, with a trade surplus, and net importers, with their trade deficits, will always, at some point, go bust, especially if they cannot print their own money and debase the currency. This is why China has begun the painful steps to reorient its economy towards internal consumption.

The world’s debt financed consumption binge is now over, and as with all binges, the hangover is going to be awful.

]]>By: visionshttp://hotair.com/archives/2013/01/15/bad-news-in-the-euro-zone-germanys-economy-contracts/comment-page-1/#comment-6643072
Tue, 15 Jan 2013 18:12:28 +0000http://hotair.com/?p=239027#comment-6643072And yet the screeching from the Left for America to “be more like Europe” continues, unabated.

Germany was propped up as the ideal model by the Left for the past 4 years. Now what?

Same day, Steve Stockman, Republican from 36th dist. of Texas, Southeast of Houston Tx. says that if Pres. Obama attempts to do gun control by executive orders then he Stockman will file art. of impeachment.

APACHEWHOKNOWS on January 15, 2013 at 12:16 PM

Isn’t the Gulf of Mexico southeast of Houston? :-)

]]>By: albillhttp://hotair.com/archives/2013/01/15/bad-news-in-the-euro-zone-germanys-economy-contracts/comment-page-1/#comment-6642962
Tue, 15 Jan 2013 17:40:32 +0000http://hotair.com/?p=239027#comment-6642962Too many old people in Europe…
]]>By: CorporatePiggyhttp://hotair.com/archives/2013/01/15/bad-news-in-the-euro-zone-germanys-economy-contracts/comment-page-1/#comment-6642959
Tue, 15 Jan 2013 17:38:50 +0000http://hotair.com/?p=239027#comment-6642959Ordinary Germans and Brits are no fans of the superstate.

They’ll be very careful about objecting to the wishes of the biggest military might on the planet. Especially one that is currently ruled by a Marxist god-king who doesn’t really care about laws all that much.

Plus Mark say that if Obama attempts to up the debt celling by Pre. Executive Order then Obama should be impeached.

Just add that to many other reasons Barry should, but won’t, be impeached. It’d never make it past the Senate.

]]>By: Deano1952http://hotair.com/archives/2013/01/15/bad-news-in-the-euro-zone-germanys-economy-contracts/comment-page-1/#comment-6642922
Tue, 15 Jan 2013 17:23:30 +0000http://hotair.com/?p=239027#comment-6642922All the EU has to do is raise taxes on the rich and make them pay their fair share and everything will be hunky dory. Ya…right! The future of the US is unfolding in Europe right now.
]]>By: MelonColliehttp://hotair.com/archives/2013/01/15/bad-news-in-the-euro-zone-germanys-economy-contracts/comment-page-1/#comment-6642916
Tue, 15 Jan 2013 17:21:04 +0000http://hotair.com/?p=239027#comment-6642916

Same day, Steve Stockman, Republican from 36th dist. of Texas, Southeast of Houston Tx. says that if Pres. Obama attempts to do gun control by executive orders then he Stockman will file art. of impeachment.

APACHEWHOKNOWS on January 15, 2013 at 12:16 PM

0_0

If there is anyone who might possibly stand by this sentiment, it would be someone from Texas.

Germany can leave the Eurozone with pain and chaos, to be sure, but let one of our states try that.

The best news for the left was that the US and Israel were the last two bastions of prosperity left among the super developed. Israel is tottering in a state of siege and the US Bolsheviks have discovered a magic way to turn ballots into freebies and money.

Plus Mark say that if Obama attempts to up the debt celling by Pre. Executive Order then Obama should be impeached.

Same day, Steve Stockman, Republican from 36th dist. of Texas, Southeast of Houston Tx. says that if Pres. Obama attempts to do gun control by executive orders then he Stockman will file art. of impeachment.